The global Data Acquisition (DAQ) System Market size is estimated
to grow from USD 1.8 billion in 2020 to USD 2.4 billion by 2025, at a CAGR of
5.3%. The major driving factors of the DAQ system industry are the increasing
implementation of Industry 4.0 across aerospace and automotive sectors,
technological advancements and flexibility of DAQ systems, and a growing
emphasis on data monitoring.
DAQ hardware is the largest contributor to the
DAQ system market, by offering
DAQ hardware is an
interface between the signal and a PC, which could be in the form of modules
that can be connected to the computer’s ports or cards connected to slots. DAQ
hardware uses the signal conditioning process, wherein analog data is converted
into digital data with sensors and other tools.
Hardware typically consists
of components in the form of external expansion cards. They can be connected to
the computer through a communication interface, such as a PCI or USB, or can be
directly installed in the motherboard.
The hardware of the
DAQ system is classified into external chassis and module and plug-in I/O
boards. The external chassis and module provide increased productivity and
performance in DAQ and control applications in industries. The continued
migration to USB- and ethernet-based front-end systems that offer PC computing
power and functionality is resulting in faster adoption rates, ultimately
driving the market for external chassis and module.
High-speed DAQ system to hold the largest
market share in 2025
High-speed DAQ
systems have speeds greater than 100 KS/S and are used to measure voltage,
current, sound, and vibration. High-speed DAQ systems are majorly used to test
high-speed devices, such as batteries, engines, ECUs, inverters, and electric
boards.
Various
manufacturers provide these systems for different applications. These systems
are used in various end-user industries, such as aerospace, satellite, and
automotive. The rugged type of high-speed DAQ systems is widely used and has
high demand in the automotive & transportation, wireless communication
& infrastructure, and environmental monitoring verticals as it can survive
extreme weather conditions.
Automotive & transportation is the
fastest-growing vertical in the DAQ system market and will continue to be so
during the forecast period
Vehicles and their
components need to undergo numerous test runs from the conception of the idea
until production. The DAQ system market has a huge opportunity in the
automotive segment. The automotive sector is highly technology-driven and is
one of the largest investors in R&D.
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DAQ systems help
from virtual load tests conducted on the computer to mobile tests on the field,
such as on-road load DAQ, and also help test vehicles and components under the
real conditions of use. During the testing of vehicles and their components,
DAQ software is used to intelligently standardize, analyze, and report a large
amount of data. Autonomous driving, connectivity, and electric mobility are all
aspects that are expected to drive the demand for DAQ systems in the automotive
industry during the forecast period.
North America to hold the largest market share
of the DAQ system market between 2020 and 2025
North America is one
of the major global manufacturing and R&D hubs in the world. The presence
of prominent DAQ system suppliers and manufacturers in North America provides
the region unparalleled competitive advantage in terms of technological
capabilities, making it one of the most advanced markets for DAQ systems.
In addition, an
increasing need for tracking real-time data, improving visibility, and
controlling production activities are driving the adoption of DAQ systems in
this region. The integration of DAQ systems with equipment presents new ways
for manufacturers to monitor performance and improve quality. Increasing
adoption of IIoT and machine-to-machine communication (M2M) technologies in
various industries in North America has broadened the reach of R&D with
respect to the future applications of DAQ systems.
Key market players
Major players in the
DAQ system market are National Instruments (US), Keysight Technologies (US),
Fortive (US), Ametek (US), Teledyne (US), and Yokogawa (Japan).
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